Innovative Minerals is a Russian gold mining company with plans to implement blockchain technology. This will make it possible to effectively track the mining process every step of the way and to offer investors both unprecedented transparency along with a cryptocurrency that is backed by real gold.
The company currently has licenses for four subsoil plots in Russia’s Republic of Buryatia. They are Ruchey Fyodorovsky, Megdelgen-1, Megdelgen-2, and Malaya Panovka.
Ruchey Fyodorovsky covers a total area of 14.3 km2 and has 43 kg of confirmed gold reserves. It is situated between the Ulan-Burgas and Kurbinsky mountain ranges.
Megdelgen-1 has a total area of 97.4 km2 and 438 kg of confirmed gold reserves.
Megdelden-2 has a total area of 99 km2 and 307 kg of confirmed gold reserves.
Both Megdelgen-1 and Megdelgen-2 are located in the Khorinsky district of the Republic of Buryatia.
Malaya Panovka has a total area of 22.69 km2 and 451 kg of confirmed gold reserves. It is located 230 km to the northeast of Ulan-Ude.
The licenses obtained by Innovative Minerals are valid for 15-20 years. The total mass of confirmed reserves for gold mining amount to 1239 kg.
To find out more about these deposits and view the licenses for them, go to www.innovative-minerals.io. You can also learn more about our blockchain project and investment opportunities